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Strategic Management Final Examination - Advent 2020

This document contains instructions and questions for a take-home modular term examination for a Master's degree in Oil and Gas Management. It outlines 4 questions regarding strategic management concepts and models. Students are asked to answer all questions, which relate to Porter's Five Forces model, the strategy implementation process, environmental assessment, and Ansoff's product/market matrix and the BCG growth-share matrix. Examples from the oil and gas industry must be provided.

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522 views

Strategic Management Final Examination - Advent 2020

This document contains instructions and questions for a take-home modular term examination for a Master's degree in Oil and Gas Management. It outlines 4 questions regarding strategic management concepts and models. Students are asked to answer all questions, which relate to Porter's Five Forces model, the strategy implementation process, environmental assessment, and Ansoff's product/market matrix and the BCG growth-share matrix. Examples from the oil and gas industry must be provided.

Uploaded by

baguma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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UGANDA CHRISTIAN UNIVERSITY

UNIVERSITY EXAMINATIONS DECEMBER 2020


MODULAR TERM EXAMINATION FOR THE DEGREE OF MASTER OF BUSINESS
ADMINISTRATION OIL AND GAS MANAGEMENT
COURSE: STRATEGIC MANAGEMENT
DATE OF SUBMISSION: 18th December, 2020; TIME: 5:00 p.m.

Instructions:

1. This exam is a take home.


2. Please adhere to the submission date and time. Any exam submitted after the date
and time will be rejected.
3. Answer all the questions given. Each question carries 25 marks.
4. Plagiarism is an ‘academic sin’. Adhere to the University guidelines regarding
plagiarism otherwise you will be disqualified.
5. The answers should be typed. Use font type times new romans, font size 12 and
double space.
6. Use of clear and relevant examples in the oil and gas industry will earn you more
marks.

Question 1.
Michael Porter’s Model has been advanced over the times as one of the models that help
with the structural analysis of the environment, for as far as it provides a framework for the
fundamental competitive drivers in any industry. Are Porter’s five forces still appropriate for
managing today’s business environment? If yes, demonstrate how the model works using
practical examples bringing out the factors that drive each force.

1
Question 2.
a) “Strategies most often fail because they aren’t executed or implemented well.”
Discuss the critical components of the strategy execution process.
b) Discuss how McKinsey’s 7S framework is important in the strategy implementation
process. Use practical examples of an organization of your choice (whether real or
hypothetical).
c) In your view, does organizational strategy precede structure, or is it the
organizational structure that determines the strategy?

Question 3.
a) Environmental assessment is one of the key aspects that any organization has to
perform in the strategy formulation process. What do we mean by ‘the nature of
environment’ and how can we improve our understanding of it?

b) Select an industry of your choice and explore the nature of the macro environment in
that industry. Use the PESTEL framework to explain your answer and discuss how
these factors can affect the organization’s competitiveness.

c) The COVID-19 pandemic can be taken as one of the unpredicted environmental


changes that hit the world over. Businesses in Uganda were not exception to this
pandemic. Some businesses closed while others saw new opportunities with the
outbreak. Discuss the strategic implication of the COVID-19 pandemic to any
organization of your choice.

Question 4.
a) Scholars of strategy have come up with different strategic options that any
organization can chose from. Discuss Igor Ansoff’s strategies based on the
product/market information or ‘product/market’ matrix.
b) Taking a practical example of a firm in the oil and gas industry, demonstrate the
application of the Boston Consultancy Group (BCG) model and the strategic
implication of this model to that organization.

c) Explain how the BCG model is related to the Product life cycle.

**************************END OF EXAM******************************

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